India’s healthcare sector has received a little over $18.5 billion in foreign direct investment (FDI) since 2000, or 6.4% of the total $288 billion that the country received.

Although the sector has seen rapid growth in India, accessibility to affordable healthcare remains a distant dream for a vast majority of people. This is where lies an opportunity for startups, which can transform the healthcare ecosystem in the country.

A report released jointly by consultancy KPMG and industry lobby group the Federation of Indian Chamber of Commerce and Industry (FICCI) says that startups can potentially thrive in India, which needs to invest $25-30 billion in its healthcare sector in the next five-six years.